Archive for the 'Economy' Category
Florida: Coast Guard in Miami Beach Unloads Bales of Cocaine with a Street Value of About $350 Million
April 15th, 2014The 80-pound bricks, which were seized in two separate cases in Southwestern Caribbean waters, were handed over to federal agents and will be destroyed. *wink* Ah well, at least they didn’t need U.S. Air Force transports this time. Via: Miami Herald: Wearing protective gloves and masks, members of the U.S. Coast Guard Cutter Legare carried […]
Google Buys Drone Maker Titan Aerospace
April 14th, 2014Via: CNN: Get ready for Google drones. The technology company announced Monday that it has acquired Titan Aerospace, a start-up founded in 2012 that makes high-altitude, solar-powered drones. The purchase is part of the new push in Silicon Valley to find ways of delivering Internet service to underserved areas, particularly in the developing world. “Titan […]
Europe’s Top Banks Cut 80,000 More Staff
April 13th, 2014Ah yes, it’s nearly time for riot season in Europe. Via: Reuters: Europe’s largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region’s fledgling economic recovery. Spurred into action by falling revenue, mounting losses and the need to […]
Goldman Sachs Steals Open Source Code, Jails Coder
April 13th, 2014This is an excerpt from, Flash Boys: A Wall Street Revolt by Michael Lewis. Via: Cryptome: He didn’t fully understand how Goldman could think it was okay to benefit so greatly from the work of others and then behave so selfishly toward them. “You don’t create intellectual property,” he said. “You create a program that […]
‘The Astounding Conspiracy Theories of Wall Street Genius Mark Gorton’
April 12th, 2014Via: Gawker: This week, we were forwarded documents that Gorton was sending out to employees at Tower Research. These documents—embedded at the bottom of this post—are essays by Mark Gorton, laying out his theories on the secret high-level murderous criminal “Cabal” that is responsible for, among other things, the JFK and RFK assassinations, the presidential […]
SEC Trial Lawyer: Agency’s Penalties Have Become, “At Most a Tollbooth on the Bankster Turnpike”
April 11th, 2014Via: Bloomberg: A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics. James Kidney, who joined the SEC in 1986 and retired this month, offered the critique in a speech […]
Britain: Students Paying Back Loans Into Their 50s and Beyond
April 9th, 2014Via: BBC: Most students will still be paying back loans from their university days in their 40s and 50s, and many will never clear the debt, research finds. Almost three-quarters of graduates from England will have at least some of their loan written off, the study, commissioned by the Sutton Trust, says. The trust says […]
Hundreds of Millions of Pounds Wasted on Tamiflu
April 9th, 2014Via: BBC: Hundreds of millions of pounds may have been wasted on a drug for flu that works no better than paracetamol, a landmark analysis has said. The UK has spent £473m on Tamiflu, which is stockpiled by governments globally to prepare for flu pandemics, The Cochrane Collaboration claimed the drug did not prevent the […]
Meet the Americans Who Put Together the Coup in Kiev
April 9th, 2014Via: Reader Supported News: Ever since Bill Clinton sat in the Oval Office, Washington and its European allies have worked openly and covertly to extend NATO to the Russian border and Black Sea Fleet, provoking a badly wounded Russian bear. They have also worked to bring Ukraine and its Eastern European neighbors into the neoliberal […]
Harsh Childhood Environments Linked to Drastic Chromosome Ageing
April 9th, 2014Via: New Scientist: Children growing up in severely disadvantaged circumstances can experience drastic chromosome ageing. By the time they are 9 years old their telomeres – the caps on the ends of chromosomes that shrink each time cells divide – can be as short as those of someone decades older. And a particular combination of […]
